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The impact of policy elements on the financing costs of RE investment: The case of wind power in Germany

  • Giebel, Olaf
  • Breitschopf, Barbara
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    Renewable energy support mechanisms affect the attractiveness of projects by influencing uncertainties in revenues or expenditures and ultimately result in a change in the financing costs. The influence of feed-in tariffs on financing costs was investigated. 26 wind onshore investors were surveyed in a conjoint analysis and the results were used in a cash flow model to quantify the impact. The introduction of premium models under a fixed remuneration tariff scheme seems to increase the financing costs considerably.

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    Paper provided by Fraunhofer Institute for Systems and Innovation Research (ISI) in its series Working Papers "Sustainability and Innovation" with number S11/2011.

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    Date of creation: 2011
    Date of revision:
    Handle: RePEc:zbw:fisisi:s112011
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